It’s an unfortunate feature of the news, but bad news tends to dominate the headlines. Whether it’s local news talking about a rare murder or national news talking about economic gloom and doom, most of the time you consume the news you mostly see the bad stuff.
I’m not sure why. It could be human nature to focus on the negative. Or maybe it’s market forces that find negative headlines get more views and clicks. Or it might be a symptom of the “man bites dog” theory. That is “dog bites man” isn’t news, so it’s not shared. “Man bites dog” is unique so it gets a lot of press.
Good news is happening around us all the time! It’s that pervasiveness that inherently makes it not news. The market usually goes up! That’s why we don’t focus on it when it’s happening. There’s lots of other great things happening with the economy now, and even more reason to be optimistic about the future.
Optimists who look forward to future growth have historically done well as investors. Those who ignore the negative nellies and ride out the short term volatility instead preferring to buy and hold and reap the rewards of future growth are rewarded handsomely.
So don’t let this short term dip in the market get you down. It will recover and soon be breaking all time record highs as it has done every other time in history.
As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.